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Joined 3 years ago
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Cake day: July 8th, 2023

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  • What does “X country corporation” in any industry mean when they have shell companies in the Cayman Islands, Isle of Man, Ireland or wherever tax rates and shelters can be best structured?

    Corporations have always been and will always be resource leeches that will abandon a country once they no longer have any blood left to suck. The host organism here in the US has already been overcome and Corps are about to start digesting previously pristine federal lands and forests for mining, forestry, and the critical national interest of off-road ATVing.

    There are no “country” corporations, they lobbied to be extra-national deliberately.












  • Depending on the state the (ex)employee is in, it can be illegal to withhold wages of any reason not prior authorized by the employee. As this was an involuntary termination(firing) the employee likely did not known it was coming. Depending on how she was normally paid it may have required payment at time of termination(depending on state again) so the employer may not have been able to deduct anything from a final check already processed/created.

    With that said, everything ever in any company, security and HR basics book ever says you let the person walk with something and if you want to pursue theft charges you do so as a company. Most companies know people who are being fired experience a lot of emotions and it can put them in a state where they may act unpredictably. It may escalate into violence, retaliation by the (ex-employee), cause a scene, etc., none of which are anything approaching “worth it” for a company unless you’re talking about trade secrets or the like and not a $1.14 vest. Many employees/humans, when given the chance to take a breath and leave the situation would have returned the vest, but being treated like a caged animal yields predictable results for corporations who sees their employees as such.

    Horrifying and unsurprising from Walmart where customers are/were funneled into violence chutes(black Friday) to save $50 on TVs each year with no thought to the bigger picture or safety basics.







  • SpaceX IPO that was “fast tracked” for inclusion in the NASDAQ 100 is exit liquidity for the early investors and musk(S&P500 was also going to change rules until uproar and 2 days ago announced they weren’t waiving rules of profitability, tenure, etc.). Value yourself at some bullshit and force the public to buy your shares by inclusion in the most popular index fund who are required to weight their holdings based on market cap of your stock and buy shares to mirror index.if the company were so valuable and amazing with future growth prospects why would any insiders who already have pre-IPO shares want to sell? To cash out and/or de-risk is the only answer, and the general public’s retirement will fund it. It’s the same reason Trump is pushing the FTC to allow riskier assets like crypto and private investments in 401k accounts; exit liquidity for the current holders, most of whom know their investments are shit. Who better to buy them than index funds and the general public by limited choice in 401k fund options?

    If any of this sounds familiar, it’s the same playbook as the great recession/“financial crisis”, when the rich elite suddenly required rescuing and backing of the US gov because their greed didn’t offer an out. Suddenly the public’s problem when they would have to take a loss.